Global Precision Guided Munition Market Size & Outlook
Global precision guided munition market, 2018-2030 (US$M)
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Global precision guided munition market highlights
- The global precision guided munition market generated a revenue of USD 35,530.9 million in 2022 and is expected to reach USD 55,165.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, tactical missiles accounted for a revenue of USD 25,170.7 million in 2022.
- Loitering Munition is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 35,530.9 million |
| Market revenue in 2030 | USD 55,165.3 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Tactical missiles |
| Fastest growing segment | Loitering Munition |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition |
Other key industry trends
- In terms of revenue, the North America accounted for 22.8% of the global precision guided munition market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 1,999.3 million by 2030.
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Precision Guided Munition Market Scope
Precision Guided Munition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
Global precision guided munition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision guided munition market will help companies and investors design strategic landscapes.
Tactical missiles was the largest segment with a revenue share of 70.84% in 2022. Horizon Databook has segmented the Global precision guided munition market based on tactical missiles, guided rockets, guided ammunition, loitering munition covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Precision Guided Munition Product Outlook (Revenue, USD million, 2018-2030)
- Tactical Missiles
- Guided Rockets
- Guided Ammunition
- Loitering Munition
- Global Precision Guided Munition Technology Outlook (Revenue, USD million, 2018-2030)
- Infrared
- Semi-Active Lasers
- Inertial Navigation System (INS)
- Global Positioning System (GPS)
- Radar Homing
- Anti-Radiation
- Others
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global precision guided munition market , including forecasts for subscribers. This global databook contains high-level insights into Global precision guided munition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global precision guided munition market size, by regions, 2018-2030 (US$M)
Top 10 countries: Precision guided munition market size, 2022 (US$M)
Global precision guided munition market share, by product, 2022 & 2030 (%, US$M)
Precision guided munition market: Opportunity assessment by country
Global precision guided munition market, by region, 2022 (US$M)
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